Problem 22-06Aad Oro e Corporation has collected the following information after its first year of sales. Sales were $1.600 000 on 100,000 ts seing e penses S 220,000 40% variable and s % noed dre mate as $490 000, direct labor S3 16,000, administrative expenses s284,000 20% varable and 8 % fixed and manufacturing o enead $356 OO 70% va ble and 3 % bed Too rag m t Compute (1) the contribution margin for the current year and the projected year, and (2) the fxed costs for the current yer. (Assume that fixed costs will remain the same in the projected year) (1) Contribution margin for current year Contribution margin for projected year s (2) Fixed Costs Compute the break-even point in units and sales dollars for the current year Break-even point in units units Break-even point in dollars The company has a target net income of $202,000. What is the required sales in dollars for the company to meet its target? Sales dollars required for target net income Contribution margin for projected years (2) Fixed Costs Compute the break-even point in units and sales dollars for the current year Break-even point in units Break-even point in doillars units The company has a target net income of $202,000. What is the required sales in dollars for the company to meet its target? Sales dollars required for target net income s if the company meets its target net income numbet, by what percentage could its sales fall before it is operating at a loss? That is, what is its margin ofafety ratio? (hound ansawer to 1 place, o.g. 10.5.) Margin of safety ratio